Provides a payfac-as-a-service platform that automates accounts receivable processes, including invoice creation, payment reconciliation, and collection workflows, using AI-powered tools to reduce manual effort and errors. Enables B2B companies and marketplaces to streamline multi-party payment flows, improve cash flow predictability, and integrate seamlessly with ERP systems like SAP and Oracle in days.
Funding
$7.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many B2B companies face challenges with outdated accounts receivable (AR) processes, leading to manual data entry, time wasted chasing overdue payments, and inefficiencies from switching between disconnected tools. This results in slower cash flow, increased operational costs, and potential errors in payment reconciliation.
Solution
getpaid offers an end-to-end AR automation platform that streamlines invoicing, payment collection, cash application, and reconciliation. The platform uses AI-powered solutions to automate tasks such as matching payments to invoices, capturing remittance data, and managing exceptions. It facilitates internal collaboration with multi-level approval workflows and centralized communication channels. getpaid integrates with ERP systems like SAP and Oracle, providing a low-code solution for faster ROI and improved cash flow predictability.
Target Audience
getpaid primarily targets B2B companies and marketplaces seeking to automate their accounts receivable processes, improve cash flow, and reduce manual workload.
Features
- Automated invoice creation and delivery via multiple channels
- AI-powered payment matching to automate reconciliation
- Automated collection strategies with scheduled follow-ups and reminders
- Automated discount management for early payments
- Case management and collaboration tools with role-based permissions
- Real-time operational KPIs, benchmarking, and predictive payment date analytics
- Customer onboarding and credit check workflows
- B2B payment acceptance through various channels, including payment links and QR codes
- Integration with ERP systems like SAP and Oracle via a low-code approach